DS-20892 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $211,000 $257,000 Purchases of raw materials $ 20,000 $153,000 Manufacturing overhead applied to work in process$365,000 $342,000 Direct labor Administrative expenses Actual manufacturing overhead cost Inventory balances at the beginning and end of the year were as follows: Beginning End of of Year $ 60,000 $38,000 $ 25,000 $ 33,000 $ ? Year Raw materials Work in process Finished goods $44,000 For the year, the cost of goods available for sale was $718,000 and the net operating income as reported in its income statement income was $44,000. The DS-20892 company's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the DS-20892 company's sales revenue for the year? Multiple Choice SLOSL000 $1047,000 $LOS9.000 $LOS5.000 оооо
DS-20892 company provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $211,000 $257,000 Purchases of raw materials $ 20,000 $153,000 Manufacturing overhead applied to work in process$365,000 $342,000 Direct labor Administrative expenses Actual manufacturing overhead cost Inventory balances at the beginning and end of the year were as follows: Beginning End of of Year $ 60,000 $38,000 $ 25,000 $ 33,000 $ ? Year Raw materials Work in process Finished goods $44,000 For the year, the cost of goods available for sale was $718,000 and the net operating income as reported in its income statement income was $44,000. The DS-20892 company's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was the DS-20892 company's sales revenue for the year? Multiple Choice SLOSL000 $1047,000 $LOS9.000 $LOS5.000 оооо
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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